Gensol Engineering Limited has secured a significant 22 MW ground-mounted solar photovoltaic project from a leading steel products company in Punjab, the company announced on Wednesday. The project, valued at ₹88 crore, is set to be completed within a 6-month timeframe.
The shares of Gensol Engineering Limited were trading at ₹783.95 up by ₹11.55 or 1.50 per cent on the NSE today at 11.31 am.
The solar power project will utilize high-efficiency bi-facial solar modules, designed to maximize energy output and durability. This contract underscores Gensol’s growing expertise in the renewable energy sector, particularly in engineering, procurement, and construction (EPC) services.
Shilpa Urhekar, CEO of Solar EPC (India) at Gensol Engineering, highlighted the project’s importance in advancing India’s clean energy transition and supporting industrial decarbonization efforts. The project aligns with the company’s commitment to developing sustainable energy solutions for commercial and industrial sectors.
Gensol, established in 2012, has successfully executed over 770 MW of solar projects across India. The company, which also operates in electric mobility and energy storage solutions, boasts a team of over 500 professionals and is among the top 10 EPC players in the country.
